BDI

Israel Natural Gas Lines Ltd.

Construction and Operation of the National Natural Gas Transmission System

Profile

Founding Year 2003
Address Kiryat Atidim, Atidim Tower, P.O.B. 58177, Tel Aviv 6158101- View Map
Phone 03-6270400
Fax 03-5611320
Social Networks
Company Website www.ingl.co.il
   
   

Managers

Eitan Padan, Chairman of the Board, Israel Natural Gas Lines Ltd.

Eitan Padan

Chairman of the Board

Shmuel Turgeman, Chief Executive Officer, Israel Natural Gas Lines Ltd.

Shmuel Turgeman

Chief Executive Officer

About


Israel Natural Gas Lines Ltd. ("INGL") is a government-owned corporation, established in 2003 for the construction and operation of the national natural gas transmission system. In 2004, the Minister of Energy awarded INGL a license for said purposes for a period of 30 years, pursuant to the Natural Gas Sector Law. This project is of extreme importance for Israel from two standpoints - its impact on Israel's economy and industry, and its contribution to improvement of environmental quality and reduction of air pollution. INGL adheres to stringent international standards in its construction and operations and makes use of sophisticated logistics tools, advanced technologies and a wide range of international and local contractors and professional consultants. INGL and its 140 employees are involved in planning, engineering, construction, operations, maintenance, safety, security, treasury, business development, legal and administrative issues.

Other Senior Executives

Gilad Shai, Advocate

Deputy CEO and Legal Counsel

Daniel Szobel

VP – Finance and Procurements

Shlomo Kresner

VP – Engineering

Shlomi Ze’ira

VP – Operations

Haim Moskovitz

VP – Construction

Jay Epstein

Business Development Manager

Significant Savings for the Economy and Cleaner Air – The natural gas that INGL transports is today considered one of the cheapest and economical energy sources available to the Israeli economy, and its use significantly reduces the costs of generating electricity and energy for industrial needs. From its establishment to the present, INGL has invested more than NIS 6 billion in the system’s construction. Furthermore, the Israeli economy has saved NIS billions each year due to the usage of natural gas. The energy generated from the gas is cleaner compared to energy generated from other fuels such as diesel and fuel oil since during the process fewer pollutants and less greenhouse gas are emitted into the air.

Natural Gas Pipelines Throughout Israel – The Israeli natural gas transmission system has several components, including • stations for receiving natural gas from reservoirs located in the territorial waters of the State of Israel. At present, the Ashdod reception station is operative, and in the future another station will be operated near the Dor coastline • a marine buoy for receiving natural gas from liquified natural gas re-gasification vessels, located about ten kilometers west of Hadera’s coast (active from January 2013) and connected through an offshore line to the national transmission system • an underground pipeline for natural gas transmission; to date, INGL has deployed close to 700 kilometers of pipeline along the country’s breadth and width. The main transmission segments are of follows: the marine section (active from May 2006), the central section (active from May 2007), the southern section (active from November 2009), the northern section (active from April 2011), the Dovrat-Ziporit section (active from January 2015), the gas line to Palmachim (active from February 2016), the Jordanian export line in the S’dom region (active from January 2017), the eastern transmission line (active from May 2017) and the Jerusalem transmission line • stations to reduce pressure and meter gas deliveries (PRMS) located at the consumer gas delivery points • block valve stations throughout the system • Facilities for control and security, to monitor and provide off-site control of the installations • maintenance and logistics centers at Haifa, Kannot and the Rotem Plain.

INGL Customers – Already, more than 60% of Israel’s electricity is generated using natural gas, which INGL delivers to eight power stations owned by Israel Electric Corporation (save for coal-driven stations), and to independent suppliers, such as Dorad, Dalia, IPP Delek Soreq, IPP Alon Tabor, IPP Ramat Gavriel. Also, INGL delivers natural gas to Israel’s most significant industrial plants, located in the Haifa Bay area, the Ramat Hovav and Rotem Plain industrial zones, as well as to Bazan, Paz, Haifa Chemicals, Makhteshim, Agan, Dead Sea Works, and others. The number of users continues to grow by the connection of regional lines to natural gas, as well as the addition of private power plants and new industrial customers.

INGL Strives to Develop the Natural Gas Economy – Following the discovery of significant volumes of natural gas resources off the coast of Israel, the demand for electricity generation based on natural gas, and gas sector development, has expanded. It is expected that the share of natural gas in the fuels for electricity generation will reach 80% in the coming years. INGL continues to develop the natural gas sector, increasing the reliability and advantages of the national transmission system, to ensure a regular supply of gas to its customers. INGL is working on the construction of new gas transmission systems and facilities, involving significant investments, including doubling pipelines in the North and the South, completion of the northern export line to Jordan and constructing additional export lines, as well as an offshore pipeline (near Dor Beach), which will enable the connection of other gas suppliers to the transmission system.

The Marine Buoy Project for Natural Gas Reception – In January 2013, INGL first used the marine buoy for natural gas reception from LNG re-gasification vessels. The decision to construct the buoy was made by the Minister of Energy in May 2011, with the aim of bridging the temporary shortage of natural gas created by the gap caused by the depletion of existing reservoirs and damage to the gas supply from Egypt until the arrival of gas from the Tamar reservoir. The buoy gives the national transmission system the ability to import LNG into the country and is another gateway, which increases Israel’s energy security. Moreover, INGL is considering additional projects to develop the natural gas economy and improve the reliability and redundancy of the gas system, with an emphasis on the storage of natural gas for operational uses and emergency purposes.

Construction of Facilities from an Ecological Standpoint and the Principles of Sustainable Development – INGL is proud of its achievements in terms of sustainable development while making wise use of resources and technologies that enable landscape restoration and nurturing of the system areas, naturally and quickly. INGL operates within guidelines established for the restoration of the environment, doing research on the area with professionals and with environment-oriented organizations, preliminary testing to locate antiquities, defining access routes, taking into account the environmental flora and fauna, stabilizing water channels, rehabilitation and care after construction, as well as other activities with the cooperation of KKL, the Nature and Parks Authority and local authorities.

IPO and Credit Ratings – On May 30, 2018, INGL issued a prospectus for the listing of its Series D Debentures and thus became a reporting company on the main list of the Tel Aviv Stock Exchange as of June 7, 2018. INGL has one of Israel’s leading credit ratings, as a result of the investing public’s confidence. INGL is rated by Standard & Poor’s at ilAA+/stable, while its debentures are rated by Ma’alot at ilAA+, and at Aa1 stable by Midroog.

INGL Looks to the Future – INGL is a relatively young company, and from its inception has succeeded in making significant changes in Israel’s energy economy. Through its vision and professional staff, it has established a national transmission infrastructure to deliver gas throughout the country. INGL continues to look forward with the belief that natural gas will contribute to the Israeli economy and provide cleaner air for its people.

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